MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
STATE OF WEST VIRGINIA,
MERCER COUNTY, to wit:
In accordance with West Virginia Code ยง11-8-12 as amended, the Mercer County Board of Education proceeded to make an estimate of the amounts necessary to be raised by a levy of taxes for the 2023 fiscal year, and doth determine and estimate the several amounts to be as follows:
The amount due and the amount that will become due and collectible from every source during the fiscal year INCLUDING THE LEVY OF TAXES, is as follows:
GENERAL CURRENT EXPENSE FUND
Estimated revenues:
Local Sources:
Property taxes (Net of allowances) $ 12,456,380
Other local sources 8,250
State Sources:
State aid to schools 71,788,065
Federal sources: –
Unrestricted 250,000
Miscellanaeous sources –
Total estimated revenues 84,502,695
Estimated transfers in and other financing
sources 1,409,960
Estimated beginning balance 1,200,000
Total estimated revenues, other financing
sources, and beginning balance $ 87,112,655
Estimated expenditures:
Instruction $ 54,941,100
Supporting services:
Students 5,147,460
Instructional staff 2,063,990
Central administration 1,084,480
School administration 7,502,730
Central services 2,335,110
Operation and maintenance of facilities 4,764,140
Student transportation 5,679,600
Food Service –
Community services 462,820
Capital outlay 227,200
Debt service:
Principal retirement –
Interest and fiscal charges –
Total estimated expenditures 84,208,630
Total estimated transfers and other financing uses 2,410,600
Estimated budgetary reserves 493,425
Total estimated expenditures, other financing
uses, and reserves $ 87,112,655
MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
EXCESS LEVY
Estimated revenues:
Local Sources $ 15,036,499
State Sources:
State aid to schools –
Other –
Federal sources –
Miscellaneous sources –
Total estimated revenues 15,036,499
Estimated transfers in and other financing sources 456,290
Estimated beginning balance –
Total estimated revenues and other financing
sources, and beginning balance $ 15,492,789
Estimated expenditures:
Instruction $ 7,333,109
Supporting services:
Students 309,400
Instructional staff 81,170
Central administration 95,670
School administration 359,690
Business 161,700
Operation and maintenance of facilities 5,226,460
Student transportation 739,910
Food services –
Community services –
Capital outlay 60,000
Debt service:
Principal retirement 116,670
Interest and fiscal charges –
Total estimated expenditures 14,483,779
Total estimated transfers and other financing uses 1,009,010
Total estimated expenditures and other financing
uses $ 15,492,789
MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
PERMANENT IMPROVEMENT FUND
Estimated revenues:
Local sources:
Property Taxes (Net of allowances) $ 2,400,000
Other local sources –
Miscellaneous sources –
Total estimated revenues 2,400,000
Estimated transfers in and other financing
sources 552,714
Estimated beginning balance –
Total estimated revenues,
transfers, and beginning balance 2,952,714
Estimated expenditures:
Capital projects $ –
Total estimated expenditures 2,952,714
Total estimated transfers and other financing
uses –
Total estimated expenditures and other
financing uses $ 2,952,714
MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
CAPITAL PROJECTS FUND
Estimated revenues:
Local sources: Property Taxes (Net of allowances) $ 6,000,000
Other local sources 20,000
Miscellaneous sources –
Total estimated revenues 6,020,000
Estimated transfers in and other financing sources –
Estimated beginning balance –
Total estimated revenues and beginning balance $ 6,020,000
Estimated expenditures:
Capital projects $ 6,020,000
Total estimated expenditures 6,020,000
Total estimated transfers and other financing
uses $ –
Total estimated expenditures and other financing
uses $ 6,020,000
MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
SPECIAL REVENUE FUND
Estimated revenues:
Local Sources $ –
State Sources:
State aid to schools 1,685,551
Other –
Federal sources 16,089,390
Miscellaneous sources –
Total estimated revenues 17,774,941
Estimated transfers in and other financing
sources 2,385,600
Estimated beginning balance –
Total estimated revenues, other financing
sources, and beginning balance 20,160,541
Estimated expenditures:
Instruction $ 7,821,461
Supporting services:
Students 1,796,130
Instructional staff 1,924,710
Central administration –
School administration –
Business –
Operation and maintenance of facilities 176,920
Student transportation –
Food services 8,309,990
Community services –
Capital outlay –
Debt service:
Principal retirement –
Interest and fiscal charges –
Total estimated expenditures 20,029,211
Total estimated transfers and other financing
uses 131,330
Total estimated expenditures and other
financing uses $ 20,160,541
MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
FEDERAL STIMULUS AND STABILIZATION FUND
Estimated revenues:
Local Sources $ –
State Sources:
State aid to schools –
Other –
Federal sources 5,784,250
Miscellaneous sources –
Total estimated revenues 5,784,250
Estimated transfers in and other financing sources –
Estimated beginning balance –
Total estimated revenues. other financing
sources, and beginning balance 5,784,250
Estimated expenditures:
Instruction $ 2,422,350
Supporting services:
Students 153,180
Instructional staff –
Central administration 79,700
School administration –
Business –
Operation and maintenance of facilities 1,462,610
Student transportation 1,666,410
Food services –
Community services –
Capital outlay –
Debt service:
Principal retirement –
Interest and fiscal charges –
Total estimated expenditures 5,784,250
Total estimated transfers and other financing uses –
Total estimated expenditures and other
financing uses $ 5,784,250
MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
STATE OF WEST VIRGINIA,
Mercer County, to wit:
I, Edward T. Toman, Secretary of the Mercer County Board of Education, do hereby certify that the foregoing is a true copy of the proposed budget being considered for adoption by the board of education on the 22nd day of May, 2024.
Edward T. Towman,
Secretary of the Board of Education
ID: 711160